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$485,000

Beds
2
Baths
2.0
sq ft
1,347

1217 Gracewood Ave SE, Atlanta, GA 30316

1217 Gracewood Ave SE

Atlanta, GA 30316

  • Pending
Charming (and spacious!) home one block from EAV's treelined Brownwood Park. Welcome to 1217 Gracewood, a cute-as-a button cottage that strikes the perfect blend of modern updates and historic charm. Inside, you'll find a large kitchen, updated baths, heart pine floors, original doors and hardware, and stained glass windows. A deep, fenced-in backyard offers plenty of room for your urban homestead dreams. This home lives large for a two-bedroom and has ample storage and bonus areas, including two oversized bedrooms, a dedicated mudroom, multiple extra closets, a roomy outbuilding, and an interior-access crawlspace with a new 10mm vapor barrier. Just blocks away from EAV, an easy stroll to Pollo Primo & Ormewood Square, and easy access to the Beltline and Glenwood Park. Zoned for highly coveted Burgess Peterson Elementary in the Maynard Jackson Cluster.

Details

Property type

Single Family Residence

Est. home value

$492,019

Lot size

8,712 sq ft

Price per sq ft

$361

Year built

1940

Annual property taxes

$7,287

HOA

No

Price History

11/11/2024
FMLS

FMLS #7480400

Pending
$485,000
11/01/2024
FMLS

FMLS #7480400

Listed
$485,000
+30.24%
11/13/2020
FMLS

FMLS #6788588

Sold
$372,400

Schools & Community

Neighborhood: 

East Atlanta

Elementary school: 

Burgess-Peterson

Middle school: 

Martin L. King Jr.

High school: 

Maynard Jackson

Community features: 

Park, Playground, Street Lights, Tennis Court(s)

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$140,779
Asking price
$485,000
Closing costs (~8% of asking)
-$38,800
Est. remaining loan balance
-$305,421
Cash to seller
$140,779

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Parkside Lending

Loan start date

November 2020

Original loan amount

$335,160

Est. remaining balance

$305,421

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

Danielle Elise Chase

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Pending/Under Contract

Tomo last checked: 11/22/2024 at 6:20 AM

Listing updated: 11/15/2024 at 1:20 AM

Listed by: Serene Varghese, Bolst, Inc. Phone #: (404) 482-2293

MLS: FMLS #7480400

FMLS logo

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